Why is Maha Rashtra Apx falling/rising?

As of 05-Sep, Maha Rashtra Apex Corporation Ltd is experiencing a decline in its stock price, currently at Rs 101.85, which represents a decrease of 0.4 or 0.39%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.81% during this period. Additionally, it is trading lower than its moving averages across various time frames, indicating a bearish trend. The stock is also close to its 52-week low, being just 1.82% away from Rs 100. In terms of performance against benchmarks, the stock has shown a significant decline of 31.23% year-to-date and 44.05% over the past year, while the Sensex has increased by 3.29% and decreased by only 1.81% respectively during the same periods. There is a slight positive note with rising investor participation, as the delivery volume increased by 45.9% against the 5-day average, suggesting some interest despite the overall downward trend.
In the broader market context, the stock's short-term performance has lagged behind the Sensex, which gained 1.13% over the past week while Maha Rashtra Apex only increased by 0.10%. This underperformance is evident in the stock's negative returns over the last month and year, contrasting sharply with the benchmark's stability. The liquidity of the stock appears adequate for trading, as it represents 2% of the 5-day average traded value, which may provide some comfort to investors. However, the overall sentiment remains cautious due to the stock's persistent decline and its proximity to a 52-week low, reflecting a challenging environment for Maha Rashtra Apex Corporation Ltd.